Smart Share Global Ltd Stock Price, News & Analysis

Smart Share Global Limited (Nasdaq: EM) reported its unaudited financial results for the fourth quarter and fiscal year ending December 31, 2022. The company faced significant challenges due to COVID-19, leading to a 28.8% decrease in revenues, which totaled RMB595.6 million (US$86.4 million). The mobile device charging business saw a 29.5% decline in revenue, while power bank sales decreased by 20.1%. Cumulative registered users reached 333.7 million, with 8.4 million new users in Q4. The company incurred a net loss of RMB334.5 million (US$48.5 million) for Q4 2022, compared to a loss of RMB68.5 million in Q4 2021. For fiscal 2022, total revenues were RMB2.8 billion, a 20.8% year-over-year decline, with a net loss of RMB711.2 million (US$103.1 million). Looking ahead, the company expects revenues of RMB815 million for Q1 2023, factoring in ongoing COVID-19 impacts.

Smart Share Global Limited (Nasdaq: EM), known as Energy Monster, is set to announce its unaudited fourth quarter and fiscal year 2022 financial results on April 21, 2023, prior to the opening of the U.S. markets. A conference call will follow at 8:00 A.M. ET to discuss these results. Participants can join the call via a pre-registration link or through a webcast. With a leading position in mobile device charging services in China, Energy Monster holds the largest market share, having deployed 6.4 million power banks across 956,000 points of interest. The announcement is anticipated by investors seeking insights into the company's financial performance and future outlook.

Smart Share Global Limited (Nasdaq: EM), a leading mobile device charging service provider in China, announced it has regained compliance with Nasdaq's minimum bid price requirement. This follows a previous notification dated October 7, 2022, where the company was informed of non-compliance due to its closing bid price falling below $1.00 for 30 consecutive days. The Compliance Notice confirmed that the company's American Depositary Shares (ADSs) have been priced above $1.00 for at least 10 consecutive days from December 8 to December 21, 2022.

Smart Share Global Limited (Nasdaq: EM) reported its unaudited financial results for Q3 2022, revealing revenues of RMB815 million, a 12.4% decline year-over-year due to COVID-19 impacts. The company operates in 956 thousand points of interest (POIs), with 47.4% via its network partner model. Despite challenges, it has expanded its available power banks to 6.4 million and registered users to 325.2 million. The net loss increased to RMB95.8 million from RMB79.4 million, highlighting ongoing operational difficulties. The company forecasts Q4 2022 revenues between RMB550 million and RMB570 million.